Good news for Northern Petroleum and Wessex Exploration and bad news for Petro Matad this week.
Northern Petroleum (NOP) and Wessex Exploration (WSX) have a 2.5% interest between them in the Tullow Oil operated Zaedyus exploration well, offshore French Guiana, which has encountered 72 metres of net oil pay in two turbidite fans. Drilling operations will now continue and the well will be deepened to over 6,000 metres to calibrate the deeper geology. The well will then likely be sidetracked to enable cores to be obtained over the reservoir sections.
Tethys Petroleum (TPL) announced the initial logging results of its KBD01 (Kalypso) exploration well drilled in the Kul-Bas block some 50 km north west of the Doris oil discovery. Electric logs just run over the deeper section indicate more than 100 metres of gross potential hydrocarbon bearing zones in what is interpreted to be shelf limestones of Carboniferous age. This is in addition to the hydrocarbon indications noted on logs and drill data in the overlying Jurassic section (logged prior to drilling th deeper hole section). A comprehensive testing programme on both the Carboniferous and Jurassic intervals is planned once approvals are given.
Petro Matad’s (MATD) Davsan Tolgoi-10 exploration well in Mongolia did not encounter moveable hydrocarbons and will be plugged and abandoned. The drilling rig will next be moved to a site about 225m south of the DT-1 well. DT-11 will be drilled as a replacement for the DT-1 well, which has been abandoned due to probable formation damage.
San Leon Energy (SLE) announced that drilling has`commenced on the Chopin-1 exploration well on the Nida Concession (San Leon 100%) in Poland. The well is planned to reach a total depth of 1,000 meters and will test multiple targets on trend with the Plowowice and Grobla oil fields. The Company plans to drill two exploration wells on the concession, this month, targeting multiple one to two million barrel prospects.
Northern Petroleum (NOP) has started operations for an extended well test of the Markwells Wood oil discovery in West Sussex. Testing will begin in early October 2011.
3Legs Resources (3LEG) said that following completion of the hydraulic fracture treatment on the Lebien LE-2H horizontal well, in Poland, the well has commenced flowing natural gas and a flare has been lit, for a short duration test.
Silvermere Energy (SLME) expects a tripod platform to be installed and production achieved before the end of 2011 at the I-1 Well at its Mustang Asset located in Kleberg County, Texas in the Gulf of Mexico.
In Oman, Circle Oil (COP) has been granted an extension to the exploration period for onshore Block 49 until 26 December 2012. Within this time frame, Circle will be required to complete an additional 2,500 line kilometres of closely spaced 2D seismic survey and drill one exploration well. On Block 52, interpretation of recently acquired 2D seismic has confirmed the presence of multiple structures and potential targets for exploration drilling. As result a farm-out process has been initiated.
Plexus Holdings (POS) has won an £800,000 contract to supply Centrica Energy with wellhead equipment, mudline casing support system and services for oil and gas exploration activities in the Central and Northern North Sea.
In a trading update, geophysical interpretation specialists, Rock Solid Images (RSI) said that actions taken since disposing of its marine CSEM acquisition business last November have laid solid foundations for a much stronger financial year ahead.
Silvermere Energy (SLME) expects a tripod platform to be installed and production achieved before the end of 2011 at the I-1 Well at its Mustang Asset located in Kleberg County, Texas in the Gulf of Mexico.
Tethys Petroleum (TPL) has lost out to CNPC in a tender for the Kashkari, Bazarkhami and Zamarudsay blocks in Northern Afghanistan.
Nostra Terra Oil & Gas (NTOG) has entered into a Standby Equity Distribution Agreement for up to £5 million with YA Global Master SPV Ltd.
Aminex (AEX) has taken over from Tullow Oil as Operator of the Ruvuma Basin Production Sharing Agreement, onshore and offshore Tanzania. Aminex and its partners, Tullow has assigned on 18.75% interest in the PSA to Aminex and 6.25% to Solo Oil (SOLO), so that the partners’ interests will now become: Aminex 56.25%, Tullow 25% and Solo 18.75%. Aminex is already operating a well in Tanzania at present with the Caroil Rig-6, which will move directly to drill the Ntorya-1 well on the Ruvuma PSA after the current well is completed.
Salamander Energy (SMDR) has agreed to farm-in to Block G4/50 in the Gulf of Thailand, earning equity in the acreage from Mitsui Oil Exploration. Salamander will hold a 100% working interest in the acreage, while MOECO will retain certain commercial options in the case of a future discovery. Block G4/50 is located in the western Gulf of Thailand and surrounds the Company’s B8/38 licence that contains the Bualuang oil field and Bualuang East Terrace oil discovery.
Nighthawk Energy (HAWK) has appointed Stephen Gutteridge as Non-Executive Chairman with immediate effect. Mike Thomsen, the Company’s current Executive Chairman, will remain on the Board in his capacity as President of US Operations.
